Welcome to my blog, this is a stockmarket related blog on the Nasdaq 100. I exclusively trade the Nasdaq 100 futures. This will start off rather bare but over time I intend to include trading records for your perusal.

As I type the Nasdaq 100 future for March 2010 is trading at 1868 I am short as at 1893 this market must go lower. There is no further upside. I like to trade with 2 targets the first is at 1810 the 2nd way down at 1444. I think that 1444 will be hit by mid February, so we'll see what we get.

It's always advisable to use stops, I don't actually physically set stops but have them mentally set at 1910 which gives me in effect a 4 to 1 win loss ratio, for the quick trade and something in the region of 22 to 1 on the longer term trade.